Signaturefd LLC Has $61,000 Holdings in Visteon Co. (NASDAQ:VC)

Signaturefd LLC grew its position in Visteon Co. (NASDAQ:VC) by 62.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684 shares of the company’s stock after buying an additional 263 shares during the quarter. Signaturefd LLC’s holdings in Visteon were worth $61,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Visteon in the 4th quarter worth about $10,170,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Visteon in the 3rd quarter valued at about $10,779,000. JPMorgan Chase & Co. lifted its position in shares of Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after purchasing an additional 88,288 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Visteon during the fourth quarter worth approximately $7,730,000. Finally, Royce & Associates LP grew its position in Visteon by 39.2% during the fourth quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock valued at $24,975,000 after purchasing an additional 79,294 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VC has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays dropped their target price on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley lowered their price target on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, TD Cowen assumed coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon Price Performance

NASDAQ VC opened at $81.45 on Tuesday. The company has a market cap of $2.21 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.42 and a beta of 1.39. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $119.16. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $84.34 and a 200 day simple moving average of $88.85.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. On average, sell-side analysts predict that Visteon Co. will post 8.42 EPS for the current year.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.